MonoX is the latest victim of a DeFi Hack losing $31 million worth of crypto

DeFi platform MonoX has reported the loss of $31 million following a DeFi hack that saw hackers stealing  $18.2 million in wrapped ether (WETH) and $10.5 million in polygon (MATIC) as well as other cryptocurrencies. MonoX is a DeFi platform that offers single token pools, traders can place their tokens and receive tokens in return for providing liquidity.